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    Industrial - Machinery
Sanhe Tongfei Refrigeration Co., Ltd.

Sanhe Tongfei Refrigeration Co., Ltd.

300990.SZ
Sanhe Tongfei Refrigeration Co., Ltd.CN flagShenzhen Stock Exchange
100.99
CNY
-3.61
- -
17.29BMarket Cap
Sanhe Tongfei Refrigeration Co., Ltd.
300990.SZ
(Shenzhen Stock Exchange)

Recent

price

100.99

P/E

ratio

- -

div

yld

- -

ROIC.AI

2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
2.65
2.99
3.31
4.85
5.38
5.99
10.93
12.81
16.89
15.68
Revenue per Share
0.43
0.61
0.59
0.99
0.78
0.76
1.08
0.91
1.49
1.53
Basic EPS, GAAP
- -
0.6
-0.02
0.26
-0.91
-1.44
-1.06
0.11
0.96
-0.44
Free Cash Flow per Basic Share
0.12
0.15
0.15
- -
0.27
0.31
0.44
0.5
0.5
0.51
Dividend per Share
0.35
0.75
1.12
2.01
2.16
2.61
3.57
3.9
4.52
4.17
Book Value per Share
1.77
2.23
2.33
3.32
9.5
8.77
9.54
10.34
11.45
10.82
Tangible Book Value per Share
126
127
126
126
154
168
169
169
170
167
Basic Weighted Avg Shares
334
378
419
612
829
1,008
1,845
2,160
2,867
2,624
Sales/Revenue/Turnover
20.52
23.46
21.33
23.67
15.17
11.9
11.8
8.1
9.62
10.96
Operating Margin (%)
5
6
6
7
10
26
41
56
63
- -
Depreciation Expense
54
78
74
125
120
128
182
153
253
256
Net Income, GAAP
17.09
13.45
14
13.58
12.2
5.91
11
10.33
8.58
9.72
Effective Tax Rate (%)
16.31
20.57
17.69
20.37
14.46
12.69
9.88
7.1
8.82
9.77
Profit Margin (%)
170
233
248
310
1,214
1,066
1,032
1,110
1,320
1,188
Working Capital
- -
- -
- -
1
1
1
10
6
6
4
LT Debt
233
291
345
470
1,553
1,632
1,763
1,890
2,087
1,955
Total Equity
- -
31.71
26.58
32.23
11
7.14
11.47
8.6
12.74
14.09
Return on Invested Capital (%)
- -
111.45
62.52
62.85
40.71
33.03
34.53
23.94
35.05
40.85
Return on Capital (%)
- -
111.68
62.58
63.01
40.83
33.13
35.05
24.36
35.52
41.41
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
4
4
4
LT Borrowings
- -
- -
- -
LT Finance Leases
6
7
4
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
169
169
170
Market Capitalization
7,073
6,990
8,349

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
1,693
1,588
1,659
Cash, Cash Equivalents & STI
366
254
175
Accounts Receivable, Net
847
794
816
Inventories
317
345
308
Total Current Liabilities
583
433
471
Payables & Accruals
- -
- -
- -
ST Debt
4
4
4
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
52.2%
10.4%
Free Cash Flow
- -
30.62%
745.88%
Net Income, GAAP
- -
18.88%
64.84%
Sales/Revenue/Turnover
- -
37.98%
32.75%
Total Cash Common Dividend
- -
39.08%
0.55%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
274
525
574
787
2,160
2025
574
690
787
- -
2,867
2026
699
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
- -
- -
- -
0.91
2025
0.37
- -
- -
- -
1.49
2026
0.35
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.5
2025
0.2
- -
- -
- -
0.5
2026
0.2
- -
- -
- -
- -
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Business
Sanhe Tongfei Refrigeration Co., Ltd. Sanhe Tongfei Refrigeration Co., Ltd. (300990:CH) manufactures and sells industrial temperature control and refrigeration equipment primarily in China with global operations. The company offers liquid cooling products including MCO/MCOI oil chillers, MCW/MCWI water chillers, MCS immersion chillers, MWA air/water heat exchangers, MEO oil/air heat exchangers, MCA temperature and humidity conditioners for electrical cabinets, MEA heat exchangers for electrical cabinets, and HE/HS electrophoretic special heat exchangers; renewable energy storage products such as LCI inverter liquid cooling units, ECA wall-mounted industrial air conditioners, LCI PCS-specific cooling equipment, LCI high-voltage cascaded/central cooling systems, and ECH industrial dehumidifiers; power transmission and distribution products; data center solutions comprising DWW cabinet/in-row and in-rack CDUs, DMF manifolds, DTK tanks, DHWA dry coolers, DCW integrated chillers, DWA mini fan walls, DWA chilled water rear door heat exchangers, DCA external cabinet backpack air conditioners, and DCA built-in options; as well as CD coil heat exchangers, HE/HS all-copper and stainless steel tube heat exchangers, SCWI inverter water chillers, SCFI inverter fluorinated liquid cooling units, SCWA dual-channel water chillers, SH fin heat exchangers, fluorinated liquid cooling units, dual-channel water chillers, and water chillers for lasers and fiber lasers. Founded in 2001 and headquartered at No. 30 Chongyi Road, Sanhe Economic Development Zone, Sanhe, Hebei Province, China, the company serves industries including energy storage, data centers, power transmission, and manufacturing, with after-sales networks in North America, Europe, Japan, South Korea, Southeast Asia, and Australia. Recent developments include the establishment of wholly-owned subsidiary ATF Kühlung GmbH in Germany in 2017 and a Beijing branch in 2019 to expand global presence, alongside a 3% stake acquisition by a group of buyers from shareholders Zhang Gudoshan, Li Li, and Zhang Haolei for approximately CNY 330 million, alongside strong 2025 performance driven by energy storage thermal management shipments exceeding expectations.